Alibaba: Investment in AI in E-Commerce is Already Paying Off

The Chinese tech giant Alibaba claims to already achieve a return on its investments in AI within its e-commerce business. This was reported by Vice President Kaifu Zhang to reporters last Thursday. The Chinese technology giant has heavily invested in AI, as it expects it to become profitable despite market concerns that companies might spend too much money on the technology without seeing sufficient returns. Just last month, Alibaba announced plans to increase its spending on AI and cloud infrastructure. Earlier in February, the company committed...